November 29, 2020

Volume X, Number 334

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IRS Announces Retirement Plan Limits for 2011

 

In mid-October 2010, the IRS released the cost of living adjustments for various retirement plan limitations for 2011. The retirement plan limits in effect for 2010 through 2011 are as follows:

 

Retirement Plan Limitations

2011

2010

 

 

 

Compensation LimitCode Section 401(a)(17)

$245,000

$245,000

 

 

 

Maximum Benefit/Contribution Limits – Code Section 415

 

 

Defined Contribution Plan Limit

$49,000

$49,000

Defined Benefit Plan Limit

$195,000

$195,000

 

 

 

Elective Contribution Limits

 

 

401(k), 403(b), 457(b) and SARSEP Contributions

$16,500

$16,500

Catch-up Contributions for 401(k), 403(b), 457(b) and SARSEP

$5,500

$5,500

SIMPLE 401(k) Plans

$11,500

$11,500

Catch-up Contributions for SIMPLE 401(k)

$2,500

$2,500

 

 

 

Highly Compensated Employee – Code Section 414(q)

 

 

Annual Compensation for determining Highly Compensated Employees

$110,000

$110,000

 

 

 

Top Heavy Status – Code Section 416

 

 

Officer Compensation for determining Key Employees

$160,000

$160,000

 

 

 

Social Security Wage Base

$106,800

$106,800

 

 

©2020 MICHAEL BEST & FRIEDRICH LLPNational Law Review, Volume , Number 307
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TRENDING LEGAL ANALYSIS

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About this Author

Kirk Pelikan, Michael Best Law Firm, Labor and Employment Attorney
Partner

Kirk’s practice focuses on legal issues related to all aspects of the employment cycle, from hiring through termination and severance. Substantially experienced in both benefits and employment law, Kirk is well positioned to help clients respond to the opportunities, vulnerabilities and benefit ramifications of particular employment decisions.

Kirk’s focus includes:

  • Developing and maintaining effective compliance strategies related to defined benefit plans, defined contribution plans, executive...

414-223-2529
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